ibusinesslines.com
ibusinesslines.com October 20, 2018


195 job offers on first day of placement season at IIT-M

02 December 2017, 06:02 | Melissa Porter

For representational purposes

For representational purposes

There were 71 offers in the slot during last year's placements.

Earlier Economic Times had reported that Microsoft would be visiting IIT campuses this year for recruitment and may offer close to Rs. 1.39 crore package for jobs at its Redmond headquarters. Given the fact that many students had withdrawn the job offers made in 2015, the institute did not allot any preferential slots to start-up firms.

However, as per The Indian Express, the IIT Bombay and Madras have refused to disclose details.

In the second slot which started at 4 pm, 14 companies including Airbus Group India, Flipkart, Oracle, Samsung R&D, and Qualcomm participated.


At IIT Bombay, PPOs (pre-placement offers), or job proposals given to candidates who at companies did internship, in IT segment outnumbered fiscal services PPOs in 2017. After the first round the placements will recommence in January and go on till May, 2018. "Scene is much better compared to previous year", she said. "There was 15 per cent rise in offers on the first day compared to 2016 when 160 offers were received on the first day of placement", said an official at IIT Madras.

For past few years, domestic firms have been offering pay packages between ₹20 and ₹35 lakh.

Goldman Sachs, Qualcomm, IBM, Microsoft, BCG, Cairn, McKinsey Knowledge Centre & Tata Steel gave the highest number of domestic offers during Day 1 of IIT Bombay placements while the maximum global offers were made by NEC Japan, Microsoft, Optiver, Rubrik & Uber. Due to the special effort put in by the placement team, the number of companies interested in post-graduate and PhD scholars has witnessed an increase. As many as 18 students accepted the government offer past year. Also, attractive packages and perks are being offered to students of production and industrial engineering, master of computer applications, applied mathematics, geophysical technology, applied geology and geological technology.



Other News

Trending Now

Is your Christmas tree a fire hazard? Tips from FDNY
So it's geopolitical and you're looking at what's shipping elsewhere in the world and who that impact the christmas tree market. Visitors can expect a visit from Santa (6:15 pm to 8:00 pm), as well as the lighting of the tree, and a fireworks display.

Bank of America (BAC) Stock Rating Reaffirmed by Morgan Stanley
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc acquired 44,018 shares as Bank Of America Corp ( BAC)'s stock declined 6.00%.

Southampton player defends Manchester City's Guardiola over pep talk
Mourinho was then asked why he was not surprised, and said: "I can't answer to the second question". Guardiola said: "I have played against millions of managers and the different ways they play".

Shelor Motor Mile holding Toys for Tots drive until December 17
There are now about 300 collection points in Centre County and toys and food will be collected until Wednesday, Dec. 13. Toys For Tots is a nonprofit organization that aims to help economically disadvantaged children through the holidays.

FO condemns Yemen's second missile attack on Saudi Arabia
The residents say loud explosions were heard overnight across the city and into Saturday morning. The GPC appealed to the army and security forces to remain neutral in the conflict.

Conte Set For FA Fine After Accepting Misconduct Charge
After a 1-0 win over Swansea on Wednesday night, Chelsea's attentions have focused on Newcastle United this Saturday. I have a lot of friends there, the staff was really good and the fans were fine.

Shehzad Poonawalla questions Rahul elevation
He condemned Poonawalla for his reckless utterances when the election process is underway in a free and transparent manner, and said it was aimed at deriving media attention.